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v3.23.1

TAXATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Schedule of income/(loss) from domestic and foreign components before income tax expenses | Income/(loss) from domestic and foreign components before income tax expenses and equity in (loss)/income of affiliates (RMB in millions):
|  | 2020 |  |  | 2021 |  |  | 2022 |
Domestic |  |  | 4,230 |  |  |  | 2,615 |  |  |  | 3,501 |
Foreign |  |  | (5,455 | ) |  |  | (3,086 | ) |  |  | (866 | )
Total |  |  | (1,225 | ) |  |  | (471 | ) |  |  | 2,635 |
Schedule of composition of income tax expense | The current and deferred portion of income tax expense were as follows (RMB in millions):
|  | 2020 |  |  | 2021 |  |  | 2022 |
Current income tax expense |  |  | 848 |  |  |  | 607 |  |  |  | 387 |
Deferred tax (benefit)/expense |  |  | (493 | ) |  |  | (337 | ) |  |  | 295 |
Income tax expense |  |  | 355 |  |  |  | 270 |  |  |  | 682 |
Schedule of reconciliation of the differences between statutory tax rate and the effective tax rate | The reconciliation between 25% which is the PRC statutory tax rate and the Company’s effective tax rate were as follows:
|  | 2020 |  |  | 2021 |  |  | 2022 |
Statutory tax rate |  |  | 25 | % |  |  | 25 | % |  |  | 25 | %
Non-deductible expenses and non-taxable income incurred |  |  |  |  |  |  |  |  |  |  |  |
— Share-based compensation expenses |  |  | (38 | %) |  |  | (89 | %) |  |  | 6 | %
— Change in fair value of equity securities investments and exchangeable senior notes |  |  | 0 | % |  |  | (21 | %) |  |  | (22 | % )
— Gain on deconsolidation of a subsidiary |  |  | 15 | % |  |  | — |  |  |  | — |
— Others |  |  | 3 | % |  |  | 1 | % |  |  | (2 | % )
R&D expense super deduction |  |  | — |  |  |  | 65 | % |  |  | (16 | % )
Effect of tax holiday |  |  | 27 | % |  |  | 75 | % |  |  | (7 | % )
Difference in tax rates of subsidiaries outside PRC |  |  | (37 | %) |  |  | (37 | %) |  |  | 19 | %
Changes in valuation allowance |  |  | (24 | %) |  |  | (76 | %) |  |  | 23 | %
Effective EIT rate |  |  | (29 | %) |  |  | (57 | %) |  |  | 26 | %
Schedule of effect of preferential tax on China operations | The following table sets forth the effect of tax holiday on China operations:
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB (in millions, except per share data) |
Tax holiday effect |  |  | 370 |  |  |  | 359 |  |  |  | 183 |
Basic net income per ADS effect |  |  | 0.62 |  |  |  | 0.57 |  |  |  | 0.28 |
Diluted net income per ADS effect |  |  | 0.62 |  |  |  | 0.57 |  |  |  | 0.28 |
Schedule of significant components of deferred tax assets and liabilities | Significant components of deferred tax assets and liabilities were as follows (RMB in millions):
|  | 2021 |  |  | 2022 |
Deferred tax assets |  |  |  |  |  |  |  |
Accrued expenses |  |  | 731 |  |  |  | 893 |
Loss carry forwards |  |  | 1,393 |  |  |  | 1,646 |
Accrued liability for rewards programs |  |  | 40 |  |  |  | 56 |
Accrued staff salary |  |  | 98 |  |  |  | 42 |
Others |  |  | 314 |  |  |  | 200 |
Less: Valuation allowance of deferred tax assets |  |  | (892 | ) |  |  | (1,513 | )
|  |  | 1,684 |  |  |  | 1,324 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Recognition of intangible assets arise from business combinations and unrealized holding gain |  |  | (3,527 | ) |  |  | (3,487 | )
Net deferred tax liabilities |  |  | (1,843 | ) |  |  | (2,163 | )
Schedule of movement of valuation allowances | Movement of valuation allowances were as follows (RMB in millions):
|  | 2020 |  |  | 2021 |  |  | 2022 |
Balance at beginning of year |  |  | 482 |  |  |  | 589 |  |  |  | 892 |
Changes in current year |  |  | 107 |  |  |  | 303 |  |  |  | 621 |
Balance at end of year |  |  | 589 |  |  |  | 892 |  |  |  | 1,513 |
Subsidiaries |
Schedule of reconciliation of the differences between statutory tax rate and the effective tax rate | The impacts on effective tax rates from the Company’s subsidiaries with different tax rates of subsidiaries outside PRC and tax holiday are as follows:
|  |  |  | 2020 |  |  | 2021 |  |  | 2022 |
Ctrip Computer Technology |  | 15% |  |  | 15.4 | % |  |  | 31.9 | % |  |  | (2.7 | % )
Ctrip Travel Information |  | 15% |  |  | (0.7 | %) |  |  | (4.1 | %) |  |  | 0.2 | %
Ctrip Travel Network |  | 15% |  |  | 14.1 | % |  |  | 16.0 | % |  |  | (2.7 | % )
Chengdu Information |  | 15% |  |  | 6.8 | % |  |  | 7.3 | % |  |  | (0.8 | % )
Beijing Hujinxinrong Technology Co., Ltd |  | 15% |  |  | (2.0 | %) |  |  | 14.3 | % |  |  | (2.2 | % )
The Company and its subsidiaries in Hong Kong, Singapore, UK and Cayman Islands |  | 0%-19% |  |  | (44.6 | %) |  |  | (38.8 | %) |  |  | 19.6 | %
Qunar and subsidiaries |  | 15% |  |  | (2.5 | %) |  |  | 6.6 | % |  |  | (0.2 | % )
Others |  | various |  |  | 3.5 | % |  |  | 4.8 | % |  |  | 0.8 | %
Total |  |  |  |  | (10.0 | %) |  |  | 38.0 | % |  |  | 12.0 | %

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 + Details
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